ArchiveDecember 2017

The Tapestryis the latest development by CDL (City Developments Limited). Located along 86 Tampines Ave 10, Tampines (District 18), it is situated in an established HDB estate with plenty of new developments, including top shopping malls like Tampines One, and Park Facilities like Bedok Reservoir.

The project is officially announced at the end of 2017 with indicative prices expected to be released after CNY 2018. For starters, one may refer to the following Tampines Masterplan by HDB to get an idea of the estate The Tapestry is developed in:

The Tapestry – Is Tampines An Ideal Location?

While Tampines is a matured estate, it has a wide variety of promising developments in the recent years. For example, residents can visit the nearby Tampines Hub, a huge facility that residents and people living within the vicinity will enjoy a variety of sports facilities, a brand new regional library, countless community club programmes and amenities, arts programmes and facilities, a hawker centre, retail shops and many more user-friendly features.

For shopaholics, the Condominium is nearby Tampines Mall and Tampines One – malls that offers every kind of store one could imagine, from bakeries with savory confections, to electronic stores selling the latest gadgets, and clothing stores showcasing the newest fashion trends.

The Tampines West MRT Station is newly constructed and offers a new convenience for transportation since it links residents to the Downtown Line. This means one can easily get to CBD and town. Other than that, the park connectors will be enhanced with a improved infrastructure in the cycling network.

The Tapestry Project Details

Indicative Prices

Prices has not been released and is expected to launch after CNY 2018. Do take note that the intial prices are for easy reference as CDL will be doing a market comparative analysis to determine the competitive pricing for release.

However, you can be assured that the pricing will be investment-worthy based on the history of such developments.

Showflat Location:

The showflat location is tentatively located at Tampines Ave 10 St 86, based on the Tampines Land Parcel C. Register early to get access to the showflat viewing.

Sitemap & Amenities:

The sitemap has not been released. Do bookmark The Tapestry Project Details page to receive the latest updates, or sign up with our official team.

Rivercove Residences: A Brief Introduction

Rivercove Residences is expected to have her initial launch between Jan – Feb 2018. This is a brand new Executive Condominium (EC) that will be located along Anchorvale Lane, nested among the maturing estate of Sengkang.

Aligned with the Government HDB development plans, this EC will offer the perfect mix of entertainment for shopaholics, athletes, and foodies alike, with new shops and restaurants continuing to pop up. Other than that, nature lovers will be delighted that the EC is located right next to Punggol Park, while sports facilities will be readily available at the nearby Sengkang Sports and Recreation Centre.

Rivercove Residences is jointly developed by Hoi Hup and Sunway Development, with a winning bid of $235 million for the plot of land, with the tender closing August 23 2017. In fact, it is the only EC site on the confirmed list for the Government Land Sales (GLS) programme this year. This also means that the Singapore Government will be paying close attention to the development of this EC to ensure smooth progress.

Here’s a look at the site parcel that was successfully tendered:

With all the information on hand, here’s why we think that this EC will be in demand:

6 Reasons Why Rivercove Residences is A Great Investment

1. Rare EC in a mature estate

Apart from boasting a promising location, Rivercove Residences is also one of the rare ECs in Singapore to be located in a mature estate.

Residents can enjoy the lifestyle perks of living in an established suburban estate with a plethora of amenities in the vicinity.

Within walking distance of the EC is the shopping mall Compass one, featuring plenty of recreation and F&B options — some stalls here even operate around the clock. Tongkang LRT station is just minutes away and residents can find a wide variety of schools for their children needs.

2. Fit for Nature Lovers

As mentioned previously, this EC is situated right beside Punggol Park. Residences can enjoy a fun cycle to the park, or even a daily jog to keep fit and healthy. With the NPB (National Park Board) focus on developing Park Connectors, it is foreseeable that Punggol Park will be more interconnected than ever.

Own a bicycle or trending Electric Scooters? Then this location will be perfect for you!

Get the opportunity to be one with nature and escape into serenity.

3. Top Schools Nearby

Rivercove Residences EC is within proximity to top schools like Nan Chiau School and Anchor Green Primary School.

In fact, a child’s academic journey from pre-school to higher education would be well covered here, so parents can be at ease especially with childcare development in this area.

4. Rich Mix of Amenities

With 678,600sq ft of land to build on, the Rivercove Residences executive condo is expected to house 635 units. This signifies a great mix of amenities that will be provided for residents.

From swimming pool to fitness gym, you will never miss out on gatherings with your family and friends when you can easily utilize the amenities Rivercove Residences have to offer. Coupled with a well-designed site plan, your quality of life improves tremendously in this rising estate.

If you are keen to get the E-Brochure upon release, be sure to register interest with us so we can provide you the latest news.

5. Great Investment Potential

Rivercove Residences EC is not just an ideal place to live in and raise a family — it also presents an attractive investment option.

Privatised ECs, or those that have crossed the 10-year mark and can be sold without any restrictions, remain highly sought after, with many registering considerable price gains.

This is especially the case for ECs in mature estates such as Bishan, Bukit Batok and Ang Mo Kio. This means that ECs are set to become rarer.

Recent records have also shown that ECs have great capital gains with attractive rental yields, so be sure to grab this golden opportunity for owning your EC.

6. Good Track Record

The developers Hoi Hup and Sunway Development is well-established and has many successful projects in their portfolios. Noteworthy, the recent EC developed by Hoi Hup – Hundred Palms Residences – was sold out on day 1 and this shows the confidence investors and buyers have in this developer.

They have been involved with many projects overseas outside of Singapore, and have a great reputation in the realtor industry.

Thus, you can expect Rivercove Residences to be one of the highest quality EC in Singapore, and is one of the reason why Rivercove Residences has great investment potential.

The role of Business Valuation has always been instrumental to mergers and acquisitions and fundraising in the capital markets. The expanded use of fair value in financial reporting has further put a spotlight on the valuation profession as a critical contributor to the reliability of financial statements and indirectly to the workings of the capital markets. Despite this, there is still no single professional framework governing the profession in terms of conduct, education, credentialing, and performance.

There is still no single professional framework governing the profession

The absence of such a framework makes it more difficult for the business community at large, who hire valuation professionals, to easily ascertain whether valuers possess the requisite skills to perform a high-quality valuation. Additionally, there is risk that the lack of a framework could impact the quality, efficiency, and effectiveness of the valuations being performed.

Benefits to the business community

On this basis, the case for a governing framework for the valuation profession seems clear, but what would the benefit be to those who rely on and use the work of professional valuers?

A more efficient selection process for buyers of valuation advice

The accreditation of valuation professionals would make selection of providers a more efficient process for buyers, reducing the amount of diligence required through reliance on the professional accreditation.

A more competitive market for valuation advice

The accreditation of valuation professionals would allow smaller valuation providers to demonstrate market credibility by membership of and adherence to the professional framework. This would provide buyers with a greater choice of provider and increase market competitiveness to the benefit of buyers.

Increased confidence in the robustness and consistency of the work

A professional framework would credentialise valuation professionals based on education, experience, examination, or some combination of these factors. This would give buyers comfort on the technical competence of the valuer in a world of increasingly complex and specialised valuation requirements.

Performance standards would also provide guidelines for the level of analysis to be applied and work to be performed to issue a valuation report. A robust quality review process would promote high-quality valuations, and provide a meaningful disciplinary mechanism for members who do not comply with the standards of conduct and performance. This would give additional comfort to buyers of valuation services that the valuation work has been performed to a good and consistent standard.

Confidence in professional conduct

A professional framework is likely to include a code of conduct giving buyers of valuation services comfort on professional behavior. This would cover important considerations such as independence, conflicts of interest, and due professional care, all of which would enhance buyer’s confidence in their dealings with appropriately accredited valuation professionals.

In conclusion

A widely recognised set of professional standards would enhance user and regulator confidence in the quality of valuations performed by promoting a greater level of consistency and robustness in the methodology, documentation and business/professional conduct. The Business community is also likely to benefit from a wider choice of valuation providers and a more competitive market for valuation services. #

The Chartered Valuer and Appraiser Programme was officially launched on 19 April 2016. Registration for the first intake is now open. Please click here for more information.

Innovative SMPs like CA Trust PAC are offering potential Candidates of the Singapore Qualification Programme (QP) fresh new career pathways. Are you ready to take the path less travelled?

Those new to Singapore’s accountancy sector are often surprised by its diversity of firms and talents. While the Big Four firms often take much of the limelight, following hard on their heels are the mid-tier firms. Smaller, fleeter and punching above their weight class, Small and Medium-sized Practices (SMPs) play an equally vital role: not only do they provide crucial services to a range of companies and organisations, they also serve to nurture the next generation of accountancy professionals.

Strategic leadershipAmong the standout firms performing this role is CA Trust PAC. Formed in 1995, CA Trust PAC operated as several different entities before amalgamating into one firm in January 2013. The SMP currently has about 45 staff and is also a member of the global TGS Global accountancy network.

Leading the firm into its next phase of growth is its Director, Mr Paul Tan. Noting the depth of CA Trust PAC’s senior management team, Mr Tan explains how this has contributed to the firm’s success.”We endeavour to provide a comprehensive suite of professional services,” he says. “And because we come from diverse backgrounds, our management team gives very good value to our clients, both to the big MNCs as well as the smaller SME clients.”

Training and developmentIn order to provide a high level of service excellence, all staff of CA Trust PAC undergo a regular programme of technical training and professional development. During engagements, partners and seniors are also constantly on hand to offer guidance and advice. Says Mr Chen Shih-Kuang, one of the firm’s directors: “Our reporting structure provides a more efficient way for us to impart our technical knowledge and experiences to our staff.”

Another attraction of working at an SMP is the exposure it offers. Within a relatively short period of time, staff of CA Trust PAC can expect to work with companies across many different industries. They also get exposed to multidisciplinary training as well as accounting; audit and assurance; and taxation, among other subjects.

For young professionals eager to learn the nuts and bolts of accounting practice, this can be an exceptional experience. All staff of CA Trust PAC (even relatively new hires) can also look forward to overseas engagements – a fantastic way to boost their management skills and cultural literacy.

We endeavour to provide a comprehensive suite of professional services. And because we come from diverse backgrounds, our management team gives very good value to our clients, both to the big MNCs as well as the smaller SME clients.
– Mr Paul Tan, Director, CA Trust PAC

Nurturing talentEmbodying the firm’s focus on developing homegrown talents is Ms Chua Soo Rui, another director of CA Trust PAC. Having interned with the firm as a polytechnic student, she joined it after her graduation. In recognition of her abilities and many contributions, Ms Chua was appointed a director in January 2013 – seven years after she first stepped into CA Trust PAC.

CA Trust PAC has also embraced its role as an Accredited Training Organisation of the Singapore QP by offering fresh career pathways to potential Candidates. “We want to create the environment for them to learn the various subjects they are expected to be competent at,” explains Mr Lim Lian Soon, the firm’s Training Principal: “If possible, we will assign Candidates jobs that will fulfil this requirement.”

It’s an approach that is already reaping dividends. Among the beneficiaries is Ms Carmen Lau; a graduate of SIM Global Education and former optometrist, she joined CA Trust PAC in September 2013 as its very first Singapore QP Candidate. “I’ve been here for one month and am enjoying the experience very much,” she says. “I’m glad I made the switch to accountancy and to doing the Singapore QP with CA Trust PAC!”

Future forwardAs the Singapore QP redraws the contours of accountancy in Singapore, progressive SMPs such as CA Trust PAC are remaking themselves for tomorrow’s challenges. By offering higher-value services, boosting their human capital policies and offering Candidates solid opportunities for learning and growth, they are leading the way towards a brighter and more exciting future for all accountancy professionals – and that’s something to be applauded.

In 2014, CA Trust PAC was renamed from its original firm name “CPA Trust PAC,” a rebranding that reflects the firm’s singular commitment to the Chartered Accountant of Singapore designation. For Mr Tan and his team, the sky’s the limit! #

To learn more about CA Trust PAC, visit the firm’s website and this dedicated page on the Singapore QP website.